No details on WP8 are out yet, correct? I've heard from the rumor mill that it'll be derived from Win8, but nothing confirmed at all about the SDK.
And that's not a bad thing. I love C#/.Net (one of my projects, Tagxedo, was built with Silverlight), but given Microsoft doesn't have even the slightess will to push it, we may as well move on, or find some way to ride Mono. C++ is currently on my mind since it covers all ground (sans UI, which you still have to do anyway), probably in a way more straight-forward than Mono.
Derived from Win8 != WinRT- could just be the kernel and not app model.